Stellar Forecast – THIS has to happen for the price to rise!

The Stellar course has been able to form a trend line over the past two years, which has constantly served as support. This trend line was an indication that the price is in an uptrend. Now that this trendline has been broken, we anticipate that the Stellar price will see a downtrend or reversal in the future. It can be said that the price has been in a downtrend since around June 2021, however the overall downtrend has now started, so expect much lower prices!

Now that the trendline has been broken, we expect Stellar price to at least reach the next support. This is around $0.144, which is why we expect a price loss of around 16%. This goal could already be reached in the next few weeks, which is why one should be careful now. After the target is met, there could be a small rebound. Using the rise, the price could either retest the trendline or test the $0.20 resistance. If the price action takes a little longer so that the trend line is above the resistance, we only consider a test of the resistance.

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